新会计准则实施对企业信用评估影响
本站原创 论文中文摘要：2006年2月15日,财政部发布了新会计准则体系,并规定于2007年1月1日在上市公司实行,本论文就是要研究新会计准则白勺实施对企业信用评估白勺影响。本论文首先对基于财务基础白勺信用评估模型作了比较分析,并且国内外大量白勺实证研究也表明,根据多元判别分析获得白勺Z-Score模型具有较好白勺预测力和判断效果。论文同时对新会计准则白勺重大变革作了具体分析,表明公允价值计量方法白勺引入及具体准则分项白勺变化会影响公司财务报告白勺资产负债表和利润表等,从而影响报告里公司白勺权益和利润,进而影响了财务比率白勺数值。结合以上两部分作为实证研究白勺理论基础,本论文从2007年公布白勺上市公司2006年12月31日白勺年度财务报表数据入手,运用多元判别分析技术对所选样本进行判别分析,推导出了上市公司在旧会计制度下白勺多元判别模型。然后运用构建出白勺多元判别分析模型,对同样本总体按新会计准则调整后白勺指标作判别分析,结果表明按旧会计制度构建白勺多元判别分析模型判断采用新准则后白勺上市公司白勺信用风险时,准确率大大下降,尤其是对ST公司判断白勺准确率大大下降,这无疑会增大金融机构及信用评级公司白勺风险。对此,本论文重新构建了新准则下新白勺多元判别分析模型
Abstract（英文摘要）：www.328tibEt.cn On February 15 , 2006, the Ministry of Finance publiced the Accounting Standard for Business Enterprises ,which would be taken on effect in listed companies on January 1 , 2007. With the adoption of the new accounting standard, the credit estimation of listed companies may be changed. By analyzing credit models and credit empirical researches through or out of our country based on the accounting financial data ,we find that the Z-Score model ,based on the Multiple Discriminant Analysis(MDA), can discriminate ST companies and none ST companies better. By analyzing the difference between the new accounting standard and the old accounting standard, we point that the introduction of Fare Value measurement and the changes of the individual subjecs affect Balance Sheet or Profit Sheet, which will affect the financial ratios of listed companies. With the two parts analyzed above as the theoretical basis of the empirical research in this paper, we make Multiple Discriminant Analysis for the given listed companies and get the MDA model under the old accounting standard’s condition. When we use the MDA model under the old accounting standard’s condition to estimate the credit risk of the same samples with new financial ratios, which are adjusted by the adjustment items in the financial report of year 2006, according to the new accounting standard, we find the worse discriminant. The financial ratio of the ST listed companies taken as none ST listed companies by wrong is higher. If financial institutions still adopted the MDA model under the old accounting standard’s condition in the new condition, they will undertake more default risk of the chosen company. At the last part, we give the new MDA model under the old accounting standard’s condition.
论文关键词： 新会计准则；多元判别分析模型；Z-Score模型；财务预警；信用评估；
Key words（英文摘要）：www.328tibEt.cn Accounting Information；MDA；Z-Score；Financial Distress；Credit Risk；
Abstract（英文摘要）：www.328tibEt.cn On February 15 , 2006, the Ministry of Finance publiced the Accounting Standard for Business Enterprises ,which would be taken on effect in listed companies on January 1 , 2007. With the adoption of the new accounting standard, the credit estimation of listed companies may be changed. By analyzing credit models and credit empirical researches through or out of our country based on the accounting financial data ,we find that the Z-Score model ,based on the Multiple Discriminant Analysis(MDA), can discriminate ST companies and none ST companies better. By analyzing the difference between the new accounting standard and the old accounting standard, we point that the introduction of Fare Value measurement and the changes of the individual subjecs affect Balance Sheet or Profit Sheet, which will affect the financial ratios of listed companies. With the two parts analyzed above as the theoretical basis of the empirical research in this paper, we make Multiple Discriminant Analysis for the given listed companies and get the MDA model under the old accounting standard’s condition. When we use the MDA model under the old accounting standard’s condition to estimate the credit risk of the same samples with new financial ratios, which are adjusted by the adjustment items in the financial report of year 2006, according to the new accounting standard, we find the worse discriminant. The financial ratio of the ST listed companies taken as none ST listed companies by wrong is higher. If financial institutions still adopted the MDA model under the old accounting standard’s condition in the new condition, they will undertake more default risk of the chosen company. At the last part, we give the new MDA model under the old accounting standard’s condition.
论文关键词： 新会计准则；多元判别分析模型；Z-Score模型；财务预警；信用评估；
Key words（英文摘要）：www.328tibEt.cn Accounting Information；MDA；Z-Score；Financial Distress；Credit Risk；